Knome Nabs $5M

8/2/11

A Cambridge, MA-based personal genomics company has raised $5 million from one investor in a round that could eventually total $20 million, according to a regulatory filing. Launched in 2007 by the famed Harvard geneticist George Church, Knome offers wealthy consumers the chance to have their entire genomes sequenced and analyzed by the company’s scientists. But as prices for such services have plummeted over the last few years, the once-profitable company has struggled to get back in the black.

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